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ARTICLE · 12 APRIL 2016

The Electricity System Is Shifting To Renewable Energy

Dentons Canada LLP
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On February 29, 2016, Clean Energy Canada, an initiative of the Centre for Dialogue at Simon Fraser University in Vancouver, British Columbia, released A Year for the Record Books...

CanadaEnergy and Natural Resources
Agnes Bielecki
Agnes Bielecki
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On February 29, 2016, Clean Energy Canada, an initiative of the Centre for Dialogue at Simon Fraser University in Vancouver, British Columbia, released A Year for the Record Books ("Report") in which it stated that in 2015 a new record was set globally, with more investments in new renewable power than in new power from fossil fuels. US$367 billion was invested in total in renewable power globally. Further, 2015 was the first year when clean energy investment was higher in developing countries than in developed ones. In 2015, Africa and the Middle East invested $13.4 billion in renewables, which is up 54 percent over 2014. China, the United States, and Japan appear to lead the general trend. It appears that renewable energy technology costs continue to decline. The Report states that hydro continues to be the world's leading renewable power resource (59%), followed by wind (22%) and solar (13%).

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